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Will the US dollar realign with its strong fundamentals?
It is crystal clear that the United States has the superior economy at this stage of the cycle, especially when compared to Europe or China. And yet, this economic strength has not translated into a full-scale US dollar rally. What’s the missing ingredient for that to change? There’s been a striking divergence in the performance of major economies this year. The United States is currently the bright spot. Economic growth seems to have accelerated over the summer and is on track to hit an annualized 5.6% this quarter according to the Atlanta Fed. That’s mostly because consumers are still spending, with some help ... (full story)